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When a customer is billed when the project/job reaches specified milestones, what type of billing does the company use?
A.Purchase Order billing
B.Estimates Pre-billing
C.Progress billing
D.Normal (end-of-job) billing
Security Interest
A legal claim or right granted by a debtor to a creditor over the debtor's property, serving as collateral for the repayment of a loan.
Property Interest
A legal right or claim to a property, including ownership rights, use rights, rents, or other benefits deriving from the property.
Collateral
Property or assets pledged as security for repayment of a loan, subject to seizure by the lender in case of default.
Legally Enforceable
A term describing an agreement or contract that is recognized by legal authorities and can be upheld in court.
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